Beneficial Trust Interests definition

Beneficial Trust Interests means a beneficial interest in the Liquidation Trust, which interest shall be uncertificated and which shall be non-transferable except as expressly provided otherwise in the Liquidation Trust Agreement.
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Beneficial Trust Interests means a beneficial interest in the Litigation Trust, which interest shall be uncertificated and which shall be non-transferable except as expressly provided otherwise in the Litigation Trust Agreement.
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Beneficial Trust Interests means the applicable Litigation Trust interests proposed in the SPL Plan, except that none of Chippewa, ERPI or the reorganized Debtors would have any beneficial Litigation Trust interests.
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Examples of Beneficial Trust Interests in a sentence

  • Exhibit A to the Aircraft Transaction Notice is incorporated herein and in the Plan by reference, the transactions described in it and contemplated by it are approved if the Debtors elect to implement them, and the offer, sale, issuance or distribution of Beneficial Trust Interests contemplated by it are approved and exempt from the requirements of section 5 of the Securities Act and State Registration Requirements.

  • All distributions to holders of Beneficial Trust Interests shall be made by the Distribution Agent.

  • If there is any residual Unclaimed Property at the time of dissolution of the Liquidation Trust, such residual Unclaimed Property shall be available for a subsequent distribution on a pro rata basis to holders of Beneficial Trust Interests or donated to a charitable organization at the sole discretion of the Liquidation Trust.

  • The provisions of section 1145 of the Bankruptcy Code are applicable to the issuance and distribution of the New Equity and, to the extent they constitute "securities", to the issuance and distribution of the Beneficial Trust Interests by the Debtors, the Aircraft Liquidating Trusts and the Trustees.

  • It is currently anticipated that the Beneficial Trust Interests will be uncertificated and non-transferable except to the extent expressly provided otherwise in the Liquidation Trust Agreement.

  • All other distributions under the Plan, other than distributions on account of Beneficial Trust Interests, will be funded by the Liquidation Trust Claims Reserve or the Professional Fee Claims Reserve.

  • Each of the Aircraft Liquidating Trusts may, among other things, (i) administer the Liquidation Trust Assets and (ii) make all distributions to the holders of the Beneficial Trust Interests in accordance with the terms of the applicable Liquidating Trust Agreement.

  • On the Effective Date, the Liquidation Trust shall be created in accordance with the Liquidation Trust Agreement for the benefit of holders of Beneficial Trust Interests.

  • The Liquidation Trust Agreement shall (i) be in form and substance consistent in all respects with this Plan and (ii) contain customary provisions for trust agreements utilized in comparable circumstances, including any and all provisions necessary to ensure continued treatment of the Liquidation Trust as a grantor trust and the holders of Beneficial Trust Interests as the grantors and owners thereof for federal tax purposes.

  • All relevant parties (including, the Debtors, the Liquidation Trustee, and the holders of Beneficial Trust Interests) will take all actions necessary to cause title to the Liquidation Trust Assets to be transferred to the Liquidation Trust.


More Definitions of Beneficial Trust Interests

Beneficial Trust Interests means a beneficial interest in the Liquidation Trust held by Allowed Class 5 General Unsecured Claims, which interest shall be uncertificated and which shall be non-transferable except as expressly provided otherwise in the Liquidation Trust Agreement.
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Beneficial Trust Interests means a beneficial interest in the Liquidation Trust to be issued pursuant to the Plan, which entitles its holder to receive Liquidation Trust Distributions from the Liquidation Trust as forth on the books and records of this Liquidation Trust Agreement.
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Beneficial Trust Interests means the beneficial interests in and to the Liquidating Trust, which interests shall be uncertificated except as otherwise expressly provided in this First Amended Plan or the Liquidating Trust Agreement.
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Related to Beneficial Trust Interests

  • Beneficial Holder A Person holding a beneficial interest in any Book-Entry Certificate as or through a DTC Participant or an Indirect DTC Participant or a Person holding a beneficial interest in any Definitive Certificate.

  • Trust Interest means an account owner's interest in the trust created by a participating trust

  • Purported Beneficial Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 6.2.2 of this Article VI, the Purported Record Transferee, unless the Purported Record Transferee would have acquired or owned shares of Capital Stock for another Person who is the beneficial transferee or owner of such shares, in which case the Purported Beneficial Transferee shall be such Person.

  • Beneficial use means the right to possession, use, and enjoyment of property, limited only by encumbrances, easements, and restrictions of record.

  • Beneficial Shareholders means shareholders who do not hold Shares in their own name and “intermediaries” refers to brokers, investment firms, clearing houses and similar entities that own securities on behalf of Beneficial Shareholders.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Residual Interests As specified in the Preliminary Statement.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Beneficial Interest means the opportunity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to profit, or share in any profit derived from, a transaction in the subject Securities. A Covered Person is deemed to have a Beneficial Interest in Securities owned by members of his or her Immediate Family. Common examples of Beneficial Interest include joint accounts, spousal accounts, UTMA accounts, partnerships, trusts and controlling interests in corporations. Any uncertainty as to whether a Covered Person has a Beneficial Interest in a Security should be brought to the attention of the Compliance Officer. Such questions will be resolved in accordance with, and this definition shall be subject to, the definition of “beneficial owner” found in Rules 16a-1(a)(2) and (5) promulgated under the Securities Exchange Act of 1934.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Beneficial shareholder means the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.

  • Global Registered Certificate means a global certificate representing ETP Securities in registered form.